RBI prefers outright OMO vs Twist, mkt condition key, says bk source

Wednesday, Dec 30, 2020  By T. Bijoy Idicheriah and Bhaskar Dutta MUMBAI/NEW DELHI – The Reserve Bank of India may have recently announced a round of special open market operations but the central bank’s preference, at the current juncture, lies with outright open market bond purchases, a banking source with knowledge of the matter said. What has pushed […]

JK Lakshmi’s arm to partly finance 15-bln-rupee capex via equity

Wednesday, Dec 30, 2020 By Kanchan Yadav  NEW DELHI – JK Lakshmi Cement Ltd’s arm Udaipur Cement Works Ltd is aiming to partly finance its 15-bln-rupee capital expenditure plan for the next three years by raising fresh equity capital, Chief Financial Officer Sudhir Bidkar told Cogencis. The company plans to raise about two-third of the amount through debt. Internal […]

Crop Report:Andhra ’20-21 paddy, cotton crops seen dn on lower yields

Wednesday, Dec 30, 2020 –Andhra pegs 2020-21 paddy output at 13.1 mln tn versus 13.7 mln tn–Pegs 2020-21 maize output at 1.96 mln tn versus 2.12 mln tn–Pegs 2020-21 food grain output at 16.4 mln tn versus 17.5 mln tn–Pegs 2020-21 oilseed output at 2.6 mln tn versus 3.2 mln tn–Pegs 2020-21 cotton output at 1.9 mln bales […]

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